Every day it seems to get harder to make ends meet. The average consumer spends a significant amount of time researching way to save money. Everything from where to shop for the best prices on clothes, or food, to how to get reduced rates on utilities. Well, there is one more place for you to consider that might be able to save you money. Car insurance is one area that can sometimes save you money. If you haven’t already, try considering some of these ways of saving money on your car insurance.
One of the easiest ways to save money on car insurance is simply making sure you pay your bills on time. A recent Consumer Reports analysis found that a two-car couple with poor credit would pay an extra $2,090 per year in premiums on average compared with a similar couple with excellent credit. Just the insurance company figuring that people who are bad at paying their bills will also be a greater risk with their car.
Try shopping around for a better deal every occasionally. Sometimes people get comfortable with their insurance and just keep paying rather than bother with it. But insurance companies often change their rates and even if you like your insurer, you can save money by checking rates every two to three years.
Do you still need full coverage? If you’ve paid off your car, it may be time to consider going with less coverage. Going with less coverage may save you quite a bit of money, and if you’re a safe driver this may be a good place for you to cut back.
If you own a home, you must maintain homeowner’s insurance. If you don’t already have your homeowner’s policy bundled with your auto policy this would be a good place to look at. Bundling your insurance will almost always save you a good amount of money.
Try visiting your insurance agent to find out more about these and other ways you can save money. You may be pleasantly surprised.
